Steamboat Condo Sales in September
There were 29 Steamboat condo sales in September, with 20 of those sales below $500,000 and three over $1M at Edgemont, One Steamboat Place, and Trailhead Lodge at Wildhorse Meadows. Check out the details below. [table id=19 /]
Snowflower Condo Price Reduction. Now $139,900
This Snowflower ski in, ski out studio was recently reduced to $139,900 and features direct mountain views and a great location beside One Steamboat Place. Snowflower condos are a short walk to the ski slopes, Market on the Moutain and restuarants like Truffle Pig and La Montana. This studio sleeps 4 and has covered parking […]
Cimarron Townhome Sales Update
Cimarron Townhomes and Condos in Steamboat Springs are large 4 and 5 bedroom luxury townhomes close to the ski area with a pool, fitness center, and shuttle. Because Cimarron townhomes were built in 2005-2006, several townhomes that originally sold for $1,400,000+ ended up selling as short sales or bank-owned REOs. The distressed properties weren’t in […]
Steamboat Condo Sales in October
The market has turned and people are buying again. There were 43 Steamboat condos that sold in October ranging in price from a $60,000 Stagecoach Townhome to a $915,000 Stonewood Townhome. The average price was $396,845 reflecting the return of the mid-range buyer who sat patiently on the sidelines for the past several years. In […]
Guide to Storm Meadows Condos
Storm Meadows condos in Steamboat is one of the larger developments with about 10 unique buildings. Purchasing a condo in Storm Meadows can be confusing because even though most are marketed as “ski in ski out”, only a few are in true ski-in, ski-out locations where you won’t have to use your poles to push/propel […]
Snowmaking Underway in Steamboat
2nd Trailhead Lodge Auction Scheduled for December
Anyone who missed the first auction at Trailhead Lodge in Wildhorse Meadows in May will have another chance at bidding for one of the remaining furnished luxury condos next month. The second Trailhead Lodge auction is scheduled for December 15th at 1pm here in Steamboat Springs. (If you don’t have plans to be in Steamboat, […]
New Development Inventory Dwindles at Edgemont, One Steamboat Place
Buyers looking for new luxury ski-in, ski-out condos at Edgemont and One Steamboat Place are seeing their options dwindle as sales volume increases. There are only 9 residences left at Edgemont and 13 whole ownership residences left at One Steamboat Place. See the remaining condos for sale (including fractional ownership) at One Steamboat Place here. […]
Condo Lending Update
As anyone with good credit trying to finance a resort condo will tell you, lending doesn’t make a whole lot of sense. Whether or not a buyer gets a conventional loan depends on the condo development not the borrower. As a broker who works with a lot of buyers, it can be a challenge to […]
When is a Townhome not a Townhome?
When is a Steamboat townhome not a townhome? When it’s a condo, of course! If that doesn’t make any sense, you are not alone. When it comes to financing a Steamboat townhome or condominium, the lender’s underwriter decides how a property is classified. I recently worked with a buyer who purchased a place that looked […]
